The Seattle multifamily real estate market continues to attract investors, and a recent sale by the Simon | Anderson Team of Kidder Mathews of the Ellenbert apartment building in Capitol Hill shows just where the market watermark may be for historic properties in the city. The 43-unit property, located at 915 E Harrison Street, sold for $7,050,000, or $163,953 per unit, according to public records reviewed by The Registry. This sale is a testament to the demand for historic properties in prime locations in the city of Seattle. However, the per-unit pricing has hit a level not recently seen in this submarket.
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